19. Glass Company assigned $1,600,000 of accounts receivable to Koss Finance Company as security for a loan of $1,340,000. Koss charged a 2% commission on the amount of the loan; the interest rate on the notes was 10%. The amount of cash Glass Company received from Kross at the time of the assignment was: a. $1,206,000 b. $1,308,000 c. $1,313,200 d. $1,340,000